Market Analysis

For market and rate updates for the remainder of this week, please check our website which will be updated daily this week.  This will be the only Iron Harbor’s market update email this week. Our next email will be sent on Tuesday, January 3^rd. We hope that you have a wonderful New Years.

Bonds markets opened flat this morning. The US 10 Yr Treasury yield sits slightly above 2.0%. Stocks are flat. Trading is expected to be very light this week in stocks and bonds as many fund managers have already closed out their positions for the year.

Below is this week’s economic calendar:

Tuesday, Dec 27

• December Consumer Confidence – came in stronger than expected at 64.5 vs expected 58.0 and 55.2 in November.

Wednesday, Dec 28 – no key reports

Thursday, Dec 29

• Initial Jobless Claims week ended 12/24 – expected up slightly to 368,000 vs 364,000 the prior week
• Chicago Purchasing Managers Index (PMI) – expected 60.1 reading vs 62.6 in Nov
• November Pending Home Sales – expected up .6% vs up 10.4% in October